Help me understand the math. Looks like I can bet in a way that I loose no money and always make money. For example for the World Cup if I bet on each country to advance equally I would always make my money back and some. Is there a catch? This sounds too good to be true
Give me an example of what you're thinking so i can try as well
No, there are different odds for every game. If you do moneyline (i.e. picking who straight up wins) the odds could be something like -500, meaning bet $500 to win $100, and the other team could be +200, meaning bet $100 to win $200. The team with the minus sign is the favorite, and positive is the underdog. Depending on how heavily favorited one team is you can see very large sums like -1000 (bet $1000 to win $100). If it's +1000 then it's essentially a moonshot. You could also bet against the spread. This means it doesn't matter whether you pick a team that wins/loses, as long as they win by more than x points, or stay within x points, then you win. Most of the time the odds are -110 (bet $110 to win $100). This is usually how the house makes their money, as you lose more than you win. If you were to make 10 bets and won half all at -110 odds, you would still be at a loss. The way ATS (against the spread) works is if the betting odds is -110 and Team A is favored at -3 over Team B (the same way of saying this is Team B is underdogs at +3), If you bet Team A at -3, this means Team A must win by more than 3 points for you to win your bet. If they win by exactly 3 then you push, you just get your money back. If you bet Team B at +3, this means they must either lose by less than 3 points or straight up win the game. There are plenty of other ways of betting, but ultimately every method is geared toward making the house money. If you bet on every team, the odds will not be 1:1 on how much you win and you will certainly not make your money back even if you won 50% of your bets. Your method of betting on country to advance is the equivalent of betting on every number in roulette and thinking you came out ahead because it happened to hit 1 of the 37 numbers.
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Please explain sir
I am not here to get laughed at by Apple worker